Jay,Could an attack by Israel on Iran's nuclear plant (which is set to start on the 21st), be the event that triggers the crash?I wonder.I hope the market crashes, but I'm not hoping for war and destruction.
AlesundI agree with you 100%BUT it does seem like this drop will occur from an international event rather than a market eventthe mkt internally is actually more oversold than overbot, but panics dont care about internalsOne of the reads for Saturdayintolerant thinking can lead to a BIG MISCALCULATIONAnd anothera bid for liberation UPSETS others and wont bring what is soughtMondayUse of Aggressive means to get what you want, and ignore diplomacytuesdayCHAOS & CONFUSIONSounds like we are right at the edge. Today is super quietbut thats about to change once WAVE iii begins tomrrow at 10amJaywhatever causes it is certainly going to be big enuf to create havoc
remember tomorrow is pomo day no shorting on money printing days!Helge says we go down to around midnight then reverse and huge up he shows tomorrow being higher than todays high
rrman,They can only hold things up for so long (until the big boys complete their distribution). But at some point, we will just crash and there isn't any amount of $$ or intervention that will be able to stop it.
i agree the weekly stochastic is rolling over on everything but the daily is just turning up.. this matches up with helge's long term that says we make a new top albeit a lower high than april's but it is what it is it is... looks like to me we have a huge downturn all of September but it looks like they will kill the bears first when they take it up to 1120 to 1150 before they let it go down...and this could happen very quickly Helge is showing the top around the end of the month....http://www.cyclelt.com/SEIR.htm
It is certainly possible rrman.However, a lot of Helge's stuff seems to invert in the shorter term. I like his charts more for the longer term picture.Still, either way, the markets will do what they need to do sooner rather than later.
I would love to comment on the Alesund point of "hoping for crash and NOT hoping for war". History tells us that economic crashes of any sort lead to war. No exception. Period. End of story. We are f@cked. The bigger the crash - the bigger the war.If someone thinks that WWII was started by Hitler - think again. It WAS started by credit contraction and followed depression.Period, end of Story.
yeah i mainly just use his long term chart as Helge's daily tends to invert which is the problem with everyone's daily charts but you can look at the long term chart and see he has been pretty accurate sometimes early sometime late but usually right I used the weekly and daily stoches to try to tell how close he is going to be on the tops and bottoms
Off Aug 9th wave 1 lasted 26hrswave 2 will be 19.5 hrs tomrrow AMIf im right about wave iiishould be 26 hrs from tomrrow AT 10am till 10am Wed, 25thwave 419.5hrs to Aug 30th at 10 to 11amwave 5might go 26 hours to Spt 3rd at the 377 tr day mark at 10amAll we need now is for some one to strike up the bandIm planning some deep in the money puts tomrrow at the open,especially if spurts higher on employment #sjay.
Today warned not to take risksTomrrow warns HOLD OFF on $ dealsEMOTIONAL TRYING DAY**OVERWHELMING FEAR**Some one might in the Media saycaught between a ROCK & Hard placeFridayREPEAT of THSDAYJay
Dow Jones Futures before opening bellhttp://niftychartsandpatterns.blogspot.com/2010/08/dow-jones-futures-before-opening-bell_19.html
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